A consensus of analysts had anticipated profits of $0.15 per share however, Yamana Gold Incorporated beat those expectations with a $0.20 per share result, leading to an after hours jump in the stock price of $0.41 (read more…)

Silverado Gold Mines Limited were up today following a news release suggesting that they have inferred stibnite resources with a calculated unit worth $41.2 million, on an increased turnover of 9.52 million shares (read more…)

During the last major rally in gold prices, gold stocks made some great gains and investors such as yours truly were happy to take good profits on the gold mining companies we had bought over the summer doldrums. However we should have seen a much better performance.

Firstly, lets take a look at some of the main investment vehicles (read more…)

As we are now of the opinion that the US dollar may spend some time going sideways, or perhaps even making some gains, we also now think that precious metals are going to take a significant drop.

We know we may sound a bit like a broken record, but gold is still too far above its 200 day moving average! This gap must be closed, and we think that closure will happen within the next couple of months. That means a $100 haircut for gold, which will hit gold stocks hard and also drag the silver price south (read more…)

The best success story in the gold exploration sector has been dealt a tough blow as the Ecuadorian government suspends mining (read more…)

“Given typical market valuation of 10 to 20 times earnings for mining shares”, should Silverado succeed in its gold exploration, and subsequent production (”…which appears to be possible given their current placer operations, exploration work and reserves indicated in the Bundtzen Report…”), then “the shares would have the potential to move to the region of 40 cents to 80 cents ($0.40 - $0.80) - or a multiple of eight to sixteen times the current price (read more…)

Vivre la difference!

Kinross Gold Corporation, has made terrific progress a since it was established in 1993 and is now the third largest primary gold producer in North America by reserves. All its nine mines are in relatively politically stable countries such as the United States, Brazil, Chile and Russia. Canadian based Kinross employs more than 5,000 people worldwide.

Kinross has an excellent pipeline of projects where three top class development projects will add 60% growth over the next two years against a backcloth of declining costs. This company also has a no gold-hedging policy, which we find attractive, as it is a part of our selection criteria, in order to gain the maximum amount of exposure to gold (read more…)

The long awaited vote has finally been cast, eight votes in favour of implementing a three-year moratorium on uranium mining on Labrador Inuit Lands, and seven against the motion (read more…)

The current pull back in gold prices has hit some gold mining stocks harder than others and should now be viewed as an entry point for our ‘opportunity cash’. One such stock is High River Gold Mines Limited, so we took the opportunity to acquire more of their shares today at $2.48 and we are signalling an additional BUY on this stock from a short term trading perpective.

Taking a quick look at the chart we can see that this stock has been sold down from a previous high of around $3.45 so today’s price levels offer a considerable discount (read more…)

In anticipation of a bounce in the price of gold and a possible short term rally we decided to BUY Yamana Gold Incorporated today for an average price of $14.43 and we are hereby signalling a BUY on AUY for a short term trade.

We originally bought AUY at $9.37 and again increased our position on the 7th December 2007 at a stock price of $12.89. We sold 50% of our holdings at $16.50 on the 31st January 2008 and we have now bought back these shares at $14.43 just miniutes ago.

Our take on the situation now is (read more…)